Federal Reserve official Kashkari criticizes Hasset's criticism of the New York Fed's tariff analysis, which may undermine its independence

Minneapolis Federal Reserve Bank President Neel Kashkari stated on Thursday that National Economic Council Director Kevin Hassett recently criticized the New York Fed's comments on tariff research, undermining the independence of the Fed.

Kashkari pointed out that similar behavior has occurred multiple times over the past year, primarily targeting monetary policy. He emphasized that research from various Federal Reserve banks helps to better understand the economy, provides diverse perspectives, and allows for the best judgments based on data and analysis.

Hassett recently stated that a study from the New York Federal Reserve Bank indicates that U.S. companies bear most of the tariff burden, which is embarrassing, and the researchers involved should be penalized